Apar Industries (BOM:532259) Inventory Turnover : 1.31 (As of Mar. 2024)

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What is Apar Industries Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Apar Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹37,394 Mil. Apar Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹28,645 Mil. Apar Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apar Industries's Days Inventory for the three months ended in Mar. 2024 was 69.90.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Apar Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Apar Industries Inventory Turnover Historical Data

The historical data trend for Apar Industries's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Apar Industries Inventory Turnover Chart

Apar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.41

3.37

3.94

4.70

4.61

Apar Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.15	1.30	1.18	1.21	1.31

Apar Industries Inventory Turnover Calculation

Apar Industries's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	125399.7	/ (	(25756.4	+	28644.6)	/	2 )
=	125399.7	/	27200.5
=	4.61

Apar Industries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	37393.5	/ (	(0	+	28644.6)	/	1 )
=	37393.5	/	28644.6
=	1.31

Apar Industries (BOM:532259) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Apar Industries's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	28644.6	/	37393.5	*	365 / 4
	=	69.90

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Apar Industries's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	28644.6	/	44193.6
	=	0.65

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Apar Industries Inventory Turnover Related Terms

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Apar Industries (BOM:532259) Business Description

Industry

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APARINDS:India

Address

Sion - Trombay Road, Apar House, Building No. 4 and 5, Corporate Park, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.apar.com

Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer and Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of revenue from India. Its product categories include oils and lubricants, aluminium and alloy conductors, railway overhead conductors, electrical and telecom cables, Eni automotive lubricants and polymers.

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